Wearable Injectors Market Growth by Annual Growth Rate, Demand, Key and Competitive Landscape
The wearable injectors market size is set to cross $13.0 billion by 2024, growing at a CAGR of 23.0% between 2016-2024.
By: P&S Intelligence
On the basis of application, the wearable injectors market (http://bit.ly/
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Owing to their longer recovery time, low immunity level and susceptibility to chronic diseases, such as diabetes, cancer, cardiovascular diseases, and neurological disorders, the elderly need extensive care. As per the World Health Organization, in 2014, 422 million people suffered from diabetes. In 2014, the highest incidence of diabetes, of around 13.7%, was found in the Eastern Mediterranean region, followed by Southeast Asia (8.6%). Furthermore, as per the Centers for Disease Control and Prevention, in 2012, in the U.S., nearly 117 million people were suffering from one or more chronic health problems.
Thus, the increasing population of the elderly and rising prevalence of chronic diseases are heavily contributing to the growth of the market.